Colonial Economy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is the definition for economy? | The production, distribution, and consumption of goods and services
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| What are the common jobs found in the colonies? | Trapping, Small farms, Sawmills
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| Name 3 jobs found in the new england region. | Timber, ship building and fishing
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| Name 2 jobs for the middle colonies. | Growing of staple crops and trading
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| What is a staple crop? | Crops that are always in high demand
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| What jobs did the southern colonies have | they grew Cash crops
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| what is a cash crop? | Crops that can be sold for money
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| What was an indentured servant? | someone who would work for 4-7 years for a trip to the colonies.
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| what is a slave? | someone who was forced to work for their entire life without benefits
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| Why did indentured servants eventually die off? | Because most of the servants didn't make it 4-7 years.
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| What is an import? | Something that is shipped into your country from another country.
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| what is an export? | something that is shipped from your country to another country
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| what is favorable balance of trade? | Having more money on exports than on imports
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| How did Britain make money from the colonies? | they forced them to send raw materials and then britain would use the materials to make manufactured goods and sell it back to them for a profit.
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